Archived News

27/06/2024 (Libya Herald) - Libya is a step closer to exporting olive oil directly to Europe and the rest of the world. The revelation was made by Libya’s Ambassador in Spain, Walid Abu Abdullah,‎ on his personal Facebook page last Tuesday 25 June.

27/06/2024 (World Grain), Sofia, Bulgaria - Bulgaria became a net importer of rapeseed in the 2023-24 marketing year with growing trade driven by expanding domestic crush capacities, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture.

26/06/2024 (The Edge Malaysia), Kuala Lumpur - The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives snapped three consecutive days of losses to end higher on Wednesday on prospects of weaker production in the coming weeks, said palm oil trader David Ng.

27/06/2024 (Deccan Herald), Mumbai - India on Wednesday allowed limited imports of corn, crude sunflower oil, refined rapeseed oil, and milk powder under the tariff-rate quota (TRQ), where importers pay nil or lower duty, as New Delhi tries to bring down food inflation.

25/06/2024 (Anadolu Ajansı) - Spain announced on Tuesday that it will eliminate sales tax on olive oil, a key product of Spanish cuisine, after a massive price spike in recent years.

25/06/2024 (Hull Is This) - The University of Hull’s catering department are the latest organisation to sign up to The Deep’s campaign to make Hull and East Yorkshire a sustainable palm oil region.

24/06/2024 (Reuters), Beijing - Malaysian palm oil futures reversed early gains on Monday after range-bound trade to end flat as poor exports and continued weakness in competing edible oils weighed on the contract.

25/06/2024 (Oils & Fats International) - The Malaysian government is set to sign a trade agreement with China for palm oil and agricultural commodities later this year, The Star reported the country’s deputy Plantation and Commodities minister Chan Foong Hin as saying.

25/06/2024 (World Echo), Islamabad - The International Seminar on the Sustainability of Palm Oil Industry and Derivative Products was held at the COMSTECH Auditorium in Islamabad.

25/06/2024 (The Star), Petaling Jaya - Main-market bound Johor Plantations Group Bhd (JPG) is expected to see strong earnings growth this year on higher palm oil prices and fresh fruit bunch production and lower production costs.

26/06/2024 (The Western Producer), Saskatoon - Canada’s canola growers should not expect much price support from palm oil in 2024-25.

25/06/2024 (The Edge Malaysia), Kuala Lumpur - Fitch Ratings expects Malaysian benchmark crude palm oil (CPO) prices to weaken from the second half of 2024 (2H2024), on higher global vegetable oil supply.